Arima Lasers (ROCO:3627) ROCE % : 1.59% (As of Dec. 2023)

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What is Arima Lasers ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Arima Lasers's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.59%.

Arima Lasers ROCE % Historical Data

The historical data trend for Arima Lasers's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Arima Lasers ROCE % Chart

Arima Lasers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.89

3.02

14.39

8.59

-2.57

Arima Lasers Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															16.81	18.59	-1.54	-6.62	1.59

Arima Lasers ROCE % Calculation

Arima Lasers's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-24.513	/	( ( (1177.076 - 166.254)	+	(1058.006 - 163.822) )	/ 2 )
	=	-24.513	/	( (1010.822	+	894.184)	/ 2 )
	=	-24.513	/	952.503
	=	-2.57 %

Arima Lasers's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	14.244	/	( ( (1061.846 - 160.795)	+	(1058.006 - 163.822) )	/ 2 )
	=	14.244	/	( ( 901.051	+	894.184 )	/ 2 )
	=	14.244	/	897.6175
	=	1.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Arima Lasers (ROCO:3627) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Arima Lasers (ROCO:3627) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arima Lasers Corp (ROCO:3627) » Definitions » ROCE %

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Address

Zhongxing Road, 9th Floor, Number 458, Pingxing Town, Pingzhen District, Taoyuan, TWN, 32460

Website

http://www.arimalasers.com

Arima Lasers Corp is a Taiwan based company involved in manufacturing multiple products comprising of Laser diode, Laser module, High power Laser and Fiber-coupled Laser. The company is also into the foundry business which includes Die Bonding, In Process Quality Check, Wire Bonding and Cap Sealing among others.

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